Trend Friendly RSI Unlike the standard RSI, "Trend Friendly RSI" adapts to the trend. RSI and other momentum-based oscillators cannot give a buy signal in uptrends and a sell signal in downtrends because they do not take into account the momentum of the trend and behave as if the price is in a constant sideways trend. "Trend Friendly RSI", on the other hand, takes...
This indicator determines periods of bull market when a buy-and-hold investor can hold the asset, and bear market periods when they should avoid holding it. Though it was designed primarily with cryptocurrencies in mind, it can be successfully used for any market. Technically, the indicator is an asymmetric trend filter aimed to account for the fact that market...
In this script I use a simple, not necessarily profitable, strategy of a cross of MAs to teach how to calculate and plot the PnL of each trade made by the indicator. I also show how to calculate the cumulative PnL of all trades and the Buy and Hold of the same period. These calculations which are natively available in any strategy script, require a bit of...
This strategy is based on multi time frame technical indicators such as; 1. RSI (10,50,100) 2. MFI (10,50,100) 3. RVI (10,50,100) 4. BOP (10,50,100) 5. Super Trend 6. SAR indicator 7. Higher highs and lower lows 8. SMA (9,500) 9. EMA (9,200) After evaluating different parameters provided by those indicators, script is in a possition to determine optimul...
This script has been created to demonstrate the effectiveness of using market regime filters in your trading strategy, and how they can improve your returns and lower your drawdowns This strategy adds a simple filter (A historical volatility percentile filter, an implementation of which can be found on my trading profile) to a traditional buy and hold strategy of...
When you develop your own strategy you should compare its performance to the "buy-and-hold" strategy (you buy the financial instrument and you hold it long term). Ideally your strategy should perform better than the buy-and-hold strategy. While the net profit % of the buy-and-hold strategy is available under the "Performance Summary" tab of the "Strategy Tester"...
This is a simple buy and hold calculator. You have an initial date and once that dated it passed it will sell the product that was bought initially. This strategy buys and sell 100% of the initial volume.
SUMMARY: A strategy wrapper that makes a detailed and visual comparison between a given strategy and the buy & hold returns of the traded security. DESCRIPTION: TradingView has a "Buy & Hold Return" metric in the strategy tester that is often enough to assess how our strategy compares to a simple buy hold. However, one may want more information on how and when...